$0.55 EPS Expected for PPL Corp (NYSE:PPL) This Quarter

Wall Street analysts expect that PPL Corp (NYSE:PPL) will report earnings of $0.55 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for PPL’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.53. PPL posted earnings of $0.52 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The firm is expected to announce its next earnings report on Thursday, February 13th.

On average, analysts expect that PPL will report full-year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.42 to $2.45. For the next financial year, analysts forecast that the firm will post earnings of $2.54 per share, with EPS estimates ranging from $2.52 to $2.55. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover PPL.

PPL (NYSE:PPL) last released its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). PPL had a return on equity of 14.73% and a net margin of 23.17%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue was up 3.3% compared to the same quarter last year.

A number of analysts have issued reports on the company. ValuEngine downgraded PPL from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Bank of America raised PPL from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 7th. Macquarie raised PPL from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $27.00 to $32.50 in a research note on Wednesday, October 23rd. Zacks Investment Research raised PPL from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a research report on Tuesday, October 15th. Finally, Morgan Stanley set a $30.00 target price on PPL and gave the company a “hold” rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. PPL currently has a consensus rating of “Hold” and a consensus price target of $36.41.

In other PPL news, EVP Joanne H. Raphael sold 21,288 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $31.91, for a total value of $679,300.08. Following the transaction, the executive vice president now owns 46,857 shares of the company’s stock, valued at approximately $1,495,206.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Vincent Sorgi sold 13,696 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.04, for a total value of $466,211.84. Following the completion of the transaction, the chief operating officer now directly owns 30,976 shares in the company, valued at approximately $1,054,423.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 638,004 shares of company stock worth $21,266,332. Corporate insiders own 0.34% of the company’s stock.

A number of institutional investors have recently made changes to their positions in PPL. Bank of New York Mellon Corp lifted its holdings in shares of PPL by 36.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,914,524 shares of the utilities provider’s stock worth $524,518,000 after buying an additional 4,523,594 shares during the period. Covalis Capital LLP purchased a new stake in shares of PPL in the 2nd quarter worth $72,143,000. First Trust Advisors LP lifted its holdings in shares of PPL by 102.8% in the 2nd quarter. First Trust Advisors LP now owns 4,170,550 shares of the utilities provider’s stock worth $129,329,000 after buying an additional 2,114,378 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of PPL by 1,369.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,000,707 shares of the utilities provider’s stock worth $62,042,000 after buying an additional 1,864,519 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of PPL by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 59,843,270 shares of the utilities provider’s stock worth $1,855,739,000 after buying an additional 1,548,115 shares during the period. 70.68% of the stock is currently owned by institutional investors.

NYSE:PPL traded up $0.37 during trading hours on Wednesday, reaching $34.56. The stock had a trading volume of 4,548,097 shares, compared to its average volume of 4,534,846. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.58 and a current ratio of 0.66. PPL has a 52 week low of $27.31 and a 52 week high of $34.66. The company has a 50 day moving average price of $33.40 and a two-hundred day moving average price of $31.18. The stock has a market capitalization of $24.60 billion, a PE ratio of 14.40 and a beta of 0.49.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Monday, December 9th. PPL’s dividend payout ratio is currently 68.75%.

About PPL

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.

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